Survey: US companies added strong 200,000 jobs in March
WASHINGTON - U.S. companies added a solid 200,000 jobs in March, buoyed by strong gains in construction, retail and shipping, according to a private survey.
Payroll processor ADP says that financial services firms also posted solid gains, while manufacturing employment barely rose.
The figures suggest the U.S. economy is continuing to generate steady hiring, despite worries that growth slowed in the first three months of this year, held back by weak overseas growth and cautious consumers.
The ADP report comes out two days before the U.S. government's official jobs report. The ADP numbers cover only private businesses and often diverge from the official figures.
Economists surveyed by the data firm FactSet predict that American employers added 200,000 jobs last month, down from 242,000 in February, while unemployment stayed 4.9 percent.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Robotic physical therapy comes to OLOL
Fire station on Government Street undergoing remodel
Man arrested, another wanted in connection to deadly shooting on Jackson Avenue
Buddy Amoroso's widow plans to seek his seat on metro council
Two hotels held up in Baton Rouge Friday morning; police seeking 'brazen'...